Wedbush Equities Analysts Cut Earnings Estimates for Rumble

Rumble Inc. (NASDAQ:RUM) – Investment analysts at Wedbush decreased their FY2025 earnings per share estimates for shares of Rumble in a research report issued on Monday, November 10th. Wedbush analyst S. Devitt now forecasts that the company will post earnings of ($0.41) per share for the year, down from their prior estimate of ($0.40). The consensus estimate for Rumble’s current full-year earnings is ($0.62) per share. Wedbush also issued estimates for Rumble’s Q4 2025 earnings at ($0.07) EPS and FY2026 earnings at ($0.06) EPS.

Several other brokerages have also recently commented on RUM. Weiss Ratings reiterated a “sell (e+)” rating on shares of Rumble in a research note on Wednesday, October 8th. Wall Street Zen lowered Rumble from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $14.00.

Rumble Stock Performance

Shares of NASDAQ:RUM opened at $6.08 on Thursday. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of -4.54 and a beta of 0.69. The firm has a fifty day moving average price of $7.23 and a 200 day moving average price of $8.20. Rumble has a fifty-two week low of $5.25 and a fifty-two week high of $17.40.

Rumble (NASDAQ:RUM) last announced its quarterly earnings data on Monday, November 10th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.01). Rumble had a negative net margin of 275.47% and a negative return on equity of 78.52%. The company had revenue of $24.76 million for the quarter, compared to analysts’ expectations of $26.86 million. The firm’s quarterly revenue was down 1.2% on a year-over-year basis.

Hedge Funds Weigh In On Rumble

Institutional investors and hedge funds have recently modified their holdings of the stock. Meeder Asset Management Inc. bought a new position in shares of Rumble during the 3rd quarter valued at approximately $28,000. CWM LLC lifted its position in Rumble by 104.3% in the first quarter. CWM LLC now owns 4,395 shares of the company’s stock worth $31,000 after buying an additional 2,244 shares during the last quarter. Mather Group LLC. purchased a new position in Rumble during the third quarter worth $43,000. AlphaQuest LLC increased its position in Rumble by 711.8% during the first quarter. AlphaQuest LLC now owns 7,095 shares of the company’s stock valued at $50,000 after acquiring an additional 6,221 shares during the last quarter. Finally, MAI Capital Management raised its stake in shares of Rumble by 110.4% in the first quarter. MAI Capital Management now owns 9,529 shares of the company’s stock valued at $67,000 after acquiring an additional 5,000 shares during the period. Hedge funds and other institutional investors own 26.15% of the company’s stock.

Rumble Company Profile

Rumble Inc operates video sharing platforms in the United States, Canada, and internationally. The company operates rumble.com, a free-to-use video sharing and livestreaming platform where users can subscribe to channels to stay in touch with creators, and access video on-demand (VOD) and live content streamed by creators.